8 Craigie Street, Somerville, MA 02143
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$9,500,000
21 Unit
4 Beds
2 Baths
25164 SQFT
0.23 Acre

Property Description

This 21-unit, 42 bedroom building boasts a CAP rate of just over 5%, offering a promising investment for buyers on a .23 Acre Lot. Come explore the exceptional opportunity at 8-14 Craigie Street in the lively community of Somerville abutting Porter Square & Cambridge/Somerville Line. Conveniently located near prestigious institutions such as Harvard, Lesley, & MIT, this property is fully occupied. Your next investment property is in close proximity to world-class universities, providing easy access to lectures & campus life. The Red Line and bus routes are just a short distance away, ensuring quick commutes to Boston or Kendall Square. This prime location combines urban convenience with academic vibrancy. With a strong rental history and a very low vacancy rate, there's high demand from scholars & professionals, guaranteeing top rental value in Somerville’s competitive market. Craigie St presents an unparalleled opportunity for the savvy investor.

Property Details tap to expand

Building Information

  • Total Units: 21
  • Total Floors: 3
  • Total Bedrooms: 4
  • Total Full Baths: 2
  • Amenities: Bike Path, Highway Access, Park, Private School, Public School, Public Transportation, Shopping, T-Station, Tennis Court, University, Walk/Jog Trails

Financial

  • APOD Available: Yes
  • Gross Operating Income: 239976
  • Net Operating Income: 239976

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 5+ Family - 5+ Units Up/Down
  • Foundation Info: Concrete Block
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73440882
  • Last Updated: 10/12/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
10/12/2025Active$9,500,000$378MLSPIN
10/08/2025New$9,500,000$378MLSPIN
05/08/2025Canceled$9,500,000$378MLSPIN
04/20/2025Active$9,500,000$378MLSPIN
04/16/2025Back on Market$9,500,000$378MLSPIN
04/13/2025Temporarily Withdrawn$10,000,000$397MLSPIN
01/26/2025Active$10,000,000$397MLSPIN
01/22/2025New$10,000,000$397MLSPIN

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Seller's Representative: Donahue + Greene Group, Compass
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-10-12 03:07:00